1. UK Financial Services Law
  2. Legislation (UK)
  3. Acts
  4. 2000
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  1. Financial Services and Markets Act 2000 (c. 8) (FSMA)
  2. Part XII Control Over Authorised Persons (ss. 178-192)
  3. Assessment procedure (ss. 185-191)
  4. 187C. Variation etc of conditions
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 April 2013 - onwards
    Version 1 of 1    

187C. Variation etc of conditions

(1) Where the PRA has imposed conditions required by a direction given by the FCA under section 187A(3) -

(a) the FCA may direct the PRA to exercise its power under section 187(4) to vary or cancel any of those conditions;

(b) the PRA must consult the FCA before it exercises that power in relation to those conditions otherwise than in accordance with a direction under paragraph (a).

(2) Where the FCA has imposed conditions required by a direction given by the PRA under section 187B(3) -

(a) the PRA may direct the FCA to exercise its power under section 187(4) to vary or cancel any of those conditions;

(b) the FCA must consult the PRA before it exercises that power in relation to those conditions otherwise than in accordance with a direction under paragraph (a).

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